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MᴀʀᴋᴇᴛWᴇʙs 📈
@MarketWebs
The MarketWebs - A road map for trading. x.com/MarketWebs/bio TradingView indicator available at marketwebs.com For Education Only!
Joined October 2014
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  • Pinned
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    I've put together a bit of an explainer here about what the levels mean for the MarketWebs and how Auction Market Theory is applied. Basic rules are very simple: Above value = bullish trend Below value = bearish trend VPOCs = Price Targets
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    $ES_F $SPY $SPX Brings me no pleasure to say this, but I'm seeing 3500-3550 on multiple timeframes for the futures. Only downside vpoc on the 1hr and 1d, top of value for 2021 on the 1w. cc @cfromhertz
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    331.2 for $SPY is a very significant level for a potential bounce. Next lower target @ 216
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    $ES_F $SPX The reason for today's sell off? Top of value for October, of course! cc @cfromhertz (it's a joke, don't @ me)
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    $CSCO Another name breaking out. We’re in value for the year with an upside resistance at 53.9 (tov) which happens to line up pretty darn well with Venom R2 on the 1d (53.98). So that’s my upside target in the near term, could go further to 57.5 if things go well.
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    Market closed got ya down? Spend the day doing chart research with MarketWebs on TradingView. 🚨This weekend only use code SPRING at checkout for $10 off your first 3 months! (in addition to a 15 day free trial!) MarketWebs.com
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    Where'd today's bounce come from? The 80% rule! When price breaks into value, there's an 80% chance it goes to the other side of value. And we did. #SPX $SPY
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    Replying to @cfromhertz
    Your transparency and honesty have always been steadfast. Everyone has a rough go at time and it's about what lessons you take from it and how you fix it in the future. Traders have a lot to learn from what you share, thanks as always!
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    Watchlist for this week -- Names breaking out -- focused on movers with clear air above. A mix of sectors, lots of financials. $ARMK $BIDU $DFS $DXC $FFIV $FHB $FHI $GOOS $GTN $HPP $IMAX $LBTYK $OKE $PSTG $SBNY $SLM $SYNH $TGTX $VNO $YETI
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    $SHAK Looks like it’s on the move now towards ~93. Breaking above R2 on the daily chart towards the VPOC from November at 93. Also nicely inside value for 2020 with top of value around 94 which will likely serve as resistance. But there’s about a +20pt move in the cards here.
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    I'm not saying it can't break 190.61. I'm saying it has to. The stock has been trading below the value established last year for months, and even news of paying its CEO didn't get the stock back into known value. Until it does, the market is establishing lower value for
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    Replying to @zerohedge
    "He said that he was "shocked" by how dangerous New York City had become and said he "would never have visited" if he knew how much it had changed in the last 10 years, since he lived there." Totally walked around 2012 NYC with $1m watch on and no one cared one bit! 😭